NBC Securities Inc. Has $362,000 Stake in ITT Inc. (NYSE:ITT)

NBC Securities Inc. raised its holdings in ITT Inc. (NYSE:ITT - Free Report) by 93,433.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,806 shares of the conglomerate's stock after acquiring an additional 2,803 shares during the period. NBC Securities Inc.'s holdings in ITT were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rialto Wealth Management LLC acquired a new stake in shares of ITT during the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in shares of ITT during the fourth quarter worth about $34,000. Quarry LP boosted its position in shares of ITT by 101.6% during the fourth quarter. Quarry LP now owns 248 shares of the conglomerate's stock worth $35,000 after buying an additional 125 shares during the period. V Square Quantitative Management LLC boosted its position in shares of ITT by 79.1% during the fourth quarter. V Square Quantitative Management LLC now owns 412 shares of the conglomerate's stock worth $59,000 after buying an additional 182 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of ITT by 291.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 415 shares of the conglomerate's stock worth $59,000 after buying an additional 309 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

ITT Trading Up 1.7%

Shares of ITT stock opened at $152.43 on Friday. ITT Inc. has a fifty-two week low of $105.64 and a fifty-two week high of $161.13. The company has a market cap of $12.00 billion, a PE ratio of 24.19, a P/E/G ratio of 1.89 and a beta of 1.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.96 and a current ratio of 1.40. The stock's fifty day moving average price is $138.31 and its two-hundred day moving average price is $142.81.

ITT (NYSE:ITT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The conglomerate reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.01. ITT had a return on equity of 18.03% and a net margin of 14.27%. The company had revenue of $913.00 million during the quarter, compared to analysts' expectations of $901.22 million. During the same period in the prior year, the company earned $1.42 EPS. ITT's revenue was up .3% compared to the same quarter last year. Equities analysts predict that ITT Inc. will post 6.51 EPS for the current fiscal year.

ITT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.351 per share. This represents a $1.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, June 2nd. ITT's dividend payout ratio is currently 22.26%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ITT shares. UBS Group upped their price objective on ITT from $165.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. KeyCorp upped their price objective on ITT from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus upped their price objective on ITT from $161.00 to $171.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen raised ITT from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Citigroup reduced their price objective on ITT from $181.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $165.50.

About ITT

ITT Inc, together with its subsidiaries, manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets in the United States and internationally. The Motion Technologies segment manufactures brake pads, shims, shock absorbers, and energy absorption components; and sealing technologies primarily for the transportation industry, including passenger cars, trucks, light- and heavy-duty commercial and military vehicles, buses, and trains.

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